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Steve Myers
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The state treasurer's office has begun a preliminary financial review in Flint, the first city to undergo such a step under the newly revised and controversial emergency financial manager law.
The review process, which has several steps, could end in a number of ways, including a state takeover or a so-called "consent agreement" with the state, which would grant a local official expanded powers to manage the city's finances.
Flint Mayor Dayne Walling made the announcement this afternoon at a press conference at Flint City Hall.
He said his administration is cooperating with the review and says he's optimistic the city will avoid having the state appoint an emergency financial manager.
http://www.mlive.com/news/flint/index.ssf/2011/08/state_starts_preliminary_revie.html |
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Steve Myers |
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Fri Aug 26, 2011 3:25 pm |
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Dave Starr
F L I N T O I D
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| He's hoping for a consent agreement naming him as the "Czar" of Flint. |
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I used to care, but I take a pill for that now.
Pushing buttons sure can be fun.
When a lion wants to go somewhere, he doesn’t worry about how many hyenas are in the way.
Paddle faster, I hear banjos. |
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Fri Aug 26, 2011 5:09 pm |
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untanglingwebs
El Supremo
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State's preliminary financial review worries Flint firefighters union
Published: Friday, August 26, 2011, 4:50 PM Updated: Friday, August 26, 2011, 5:23 PM
By Khalil AlHajal | The Flint Journal The Flint Journal
FLINT, Michigan — The start of the state's preliminary review of Flint's finances has come earlier than the firefighters union expected, which worries union president Raul Garcia.
"I think that maybe we're a little bit worse off than I had anticipated," Garcia said.
"I thought the city would have enough finances to hold fairly strong, at least until the end of the calendar year."
Flint is the first city to undergo the preliminary financial review under the state's newly revised emergency financial manager law. The process could ultimately lead to a state takeover or a "consent agreement," which would grant a local official expanded powers to manage the city's finances.
The controversial law grants financial managers the power to cancel union contracts.
Garcia said the union plans to continue trying to reach a new contract agreement with the city on it's own terms.
"I'm going to continue to do things as if we we're still negotiating up until the very end," he said. "We've been talking. We gave them another proposal to look at and consider."
He said the union is waiting for a response from city officials on a new contract proposal offered this week that includes concessions closer to the 15 percent the mayor has been requesting.
"I believe that as much as I don't like to give up things, I'd like to make some concessions," Garcia said. "I'd rather take my losses where I want to take my losses." |
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Fri Aug 26, 2011 5:19 pm |
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